Dow stocks at 52 week highs include Cisco (CSCO). There are no Dow stock 52 week lows.
Premarket today, the Dow was indicated to open up +12 points.
Tuesday the Dow was down -69.84 (-0.26%) at 26,492.21.
Year-to-date the Dow is up +7.17%.
There were 11 Dow stocks up Tuesday.
The Dow stock winners Monday were led by McDonald’s (MCD) +1.90% and Disney (DIS) +0.76%.
The Dow stock losers Monday were led by Intel (INTC) -2.13% and UnitedHealth (UNH) -1.44%.
International Business Machines (IBM -0.75%) was upgraded to ‘Buy’ from ‘Hold’ at UBS with a price target of $180.
Nike (NKE +0.62%) slid more than 3% in premarket trading after it reported Q1 gross margin of +44.2%, below consensus of +44.3%. Nike’s earnings rose 17.5% to 67 cents a share in the fiscal first quarter while sales grew 10% to $9.95 billion.
The Fed today concludes it’s FOMC meeting where the market is expecting a 25 bp rate hike in the fed funds rate target.
European stocks are mostly lower and Asian markets ended higher.
The national average price of gasoline is up 1.1 cents at $2.867 per gallon.
Nike (NKE) reported earnings on 9/25/2018 after the market close of $0.67, just beating estimates calling for $0.657 per share.
Today’s Featured Dow Stock
IBM (IBM) is down -2.94% year-to-date.
11:00 MBA 30-Year Mortgage Rate, 4.88%
11:00 MBA Mortgage Applications (WoW), 1.6%
11:00 MBA Purchase Index, 234.2
11:00 Mortgage Market Index, 342.7
11:00 Mortgage Refinance Index, 917.1
14:00 New Home Sales (Aug), 630K, 627K
14:00 New Home Sales (MoM) (Aug), 0.5%, -1.7%
14:30 Crude Oil Inventories, -1.279M, -2.057M
14:30 Crude Oil Imports, -0.106M
14:30 Cushing Crude Oil Inventories, -1.250M
14:30 Distillate Fuel Production, -0.079M
14:30 EIA Weekly Distillates Stocks, 0.752M, 0.839M
14:30 Gasoline Production, -0.114M
14:30 Heating Oil Stockpiles, 0.495M
14:30 Gasoline Inventories , 0.788M, -1.719M
18:00 FOMC Economic Projections
18:00 FOMC Statement
18:00 Fed Interest Rate Decision, 2.25%, 2.00%
18:30 FOMC Press Conference